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Economy

RBI introduces new prepaid payment instrument

Updated : December 25, 2019 08:26 AM IST

RBI has introduced a new type of prepaid payment instrument (PPI) which could be used only for purchase of goods and services up to a limit of Rs 10,000 per month.
PPIs are financial instruments that facilitate the purchase of goods and services against the value stored on such instruments.
RBI introduces new prepaid payment instrument
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